company_name = Cameco Corporation
company_type = Public (tsx|CCO) (NYSE: [http://www.nyse.com/about/listed/lcddata.html?ticker=CCJ CCJ] )
location = flagicon|CAN
Gerald Grandey- Presidentand CEO, Victor Zaleschuk- Chairman
revenue = profit$2.31 billion CAD (2007)
num_employees = 1,636 (2008)cite web |url=http://zenobank.com/index.php?symbol=CCJ&page=quotesearch|title=Company Profile for Cameco Corp (CCJ) |accessdate=2008-10-07]
homepage = [http://www.cameco.com/ http://www.cameco.com/]
Cameco Corporation (tsx|CCO, nyse|CCJ) is the world's largest publicly traded
uraniumcompany, based in Saskatoon, Saskatchewan. It is the world's largest uraniumproducer, accounting for 20% of world production.
"Cameco - A Canadian Mining and Energy Corporation" was formed in 1988 by the merger and privatization of two crown corporations: the federally owned Eldorado Nuclear Limited (known previously as Eldorado Mining and Refining Limited) and Saskatchewan-based
Saskatchewan Mining Development Corporation(SMDC). The name was later shortened to "Cameco Corporation".
The new company is initially owned 62% by the provincial government and 38% by the federal government. The initial public offering (IPO) for 20% of the company was conducted in July, 1991. Government ownership of the company decreased over the next 9 years, with full privatization occurring in February, 2002.
In 1996, Cameco acquired Power Resources Inc., the largest uranium producer in the United States. This was followed in 1998 by the acquisition of Canadian-based Uranerz Exploration and Mining Limited and Uranerz U.S.A., Inc.
Cameco operates several uranium mines in North America and Kazakhstan, including McArthur River, the world's largest high grade uranium deposit and mine, and Cigar Lake, the world's largest undeveloped high grade uranium deposit, both in Saskatchewan. Other operations in Saskatchewan include a mine and mill at Rabbit Lake and a mill at
In the United States, Cameco operates uranium mines in the states of
Nebraskaand Wyomingthrough its US subsidiary Cameco Resources Inc. Cameco Resources was formed in 2007 through a restructuring of two wholly owned subsidiaries, Power Resources Inc. (Wyoming) and Crowe Butte Resources Inc. (Nebraska).
In the province of
Ontario, Cameco operates a uranium refinery in Blind Riverand a uranium conversion facility in Port Hope. Through the Bruce Power Limited Partnership (BPLP), Cameco also participates in nuclear power generation in the province.
In 2004, Cameco spun off its
gold miningoperations in Kyrgyzstan, Mongoliaand the USAto a newly formed public company, Centerra Gold. Cameco currently owns approx. 53% of Centerra's shares.
Current members of the
board of directorsof Cameco Corporation are:
John H. Clappison
* Harry Cook
James R. Curtiss
Nancy E. Hopkins
A. Anne McLellan
* Neil McMillan
* [http://www.cameco.com Cameco's official site]
* [http://www.investmentu.com/IUEL/2005/20050901.html Cameco Uranium Stocks] The Nuclear Option and the Uranium Bull: by Dr. Mark Skousen, Investment Advisory Panelist, Investment U.
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Look at other dictionaries:
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